Steuler Group to acquire 75% of British Ancorite Holdings

On February 16, 2023, Steuler Group signed a contract to acquire around 75% of British Ancorite Holdings Ltd. and its subsidiaries in three steps by 2024. Ancorite, based near Manchester, specializes in floor coatings, brick linings and GRP piping, with annual sales of £10-15 million.

“With this acquisition, Steuler gains access to the market in Great Britain and Ireland, which has hardly been supplied up to now.”au.linings.steuler.de

• 2 sources
• au.linings.steuler.deSteuler acquires British Ancorite | STEULER-KCH AustraliaFeb 22, 2023
• myerson.co.ukMyerson's Client Acquire British Ancorite Surface ProtectionMar 9, 2023

Summarized from public sources; check the original articles before acting on it.